Tag: Topsoe

Maire Tecnimont subsidiary Tecnimont SpA has finalised its $350 million EPC contract with Egypt Hydrocarbon Corp. (EHC) for the construction of a new ammonia plant at Ain Sokhna. The preliminary contract was announced in September last year. The contract for the plant, which will produce 1,320 t/d of ammonia, also includes extensive utilities and offsite facilities. Project completion is scheduled for 36 months from the effective contract date, which will be triggered by financial closure of the project. Project finance is being arranged by the Italian export credit agency SACE and the US EXIM Bank. The ammonia will be used to feed an ammonium nitrate plant, already existing and in operation in the same industrial facility, also owned by EHC.

A round-up of current and proposed projects involving non-nitrogen synthesis gas derivatives, including methanol, hydrogen, synthetic/substitute natural gas (SNG) and gas- and coal to liquids (GTL/CTL) plants.

Air Products and Haldor Topsoe have signed a global alliance agreement. Under the terms of the agreement the two companies will use their combined market network for developing potential projects and the combination of their expertise on large-scale ammonia, methanol and/or dimethyl ether (DME) plants to be developed and built globally. It gives Air Products access to Topsoe’s technology licenses and the supply of engineering design, equipment, high-performance catalysts and technical services for ammonia, methanol and DME plants that are built, owned and operated by Air Products. It also allows for the integration of Topsoe’s technology into many Air Products’ technologies including gasification of various feedstocks, and synthesis gas processes.

IFA has announced the appointment of its Senior Director of Agriculture, Patrick Heffer , as the organisation’s Interim Director General as of May 1st. A formal search process for the next Director General has already been launched. Previous IFA Director General Charlotte Hebebrand stepped down at the end of April to assume a new role as Executive Vice-President and Chief Sustainability Officer at Nutrien, and says that she looks forward to continuing engagement with IFA.

ICL Group’s executive vice president (EVP) Eli Amon has been appointed to lead its newly-created crop nutrition marketing business. He will also continue in his current role as EVP for ICL’s Innovative Ag Solutions division. Mr Amon has been with ICL for 29 years, serving in several executive sales, marketing and logistics roles.

Following the publication of the 2020 nitrogen project listing by our sister magazine Nitrogen+Syngas, we profile a selection of leading nitrogen projects and their process licensors. Australia, Egypt, India, Nigeria and Russia have been key countries for new project developments.

West Texas Intermediate (WTI) forward oil prices for May dropped into negative territory during mid-April, on fears of lack of storage capacity to deal with the excess production. Forward prices for June were also nosing to equally unprecedentedly low levels.Elsewhere, Brent Crude spot prices dropped to $20/bbl, a fall of $50/bbl from the start of 2020.

Haldor Topsoe has launched a new methanol synthesis catalyst, MK-181 PRIME, based on new technology developed via close study of copper-zinc interactions on the catalyst surface.

Methanex has said that, in light of the uncertainty in the global economy from the Covid-19 pandemic, it will defer approximately $500 million of previously announced capital spending on its $1.4 billion Geismar 3 methanol project for up to 18 months. Geismar 3, which is intended to eventually produce 1.8 million t/a of methanol, will be placed on temporary “care and maintenance” for up to 18 months, enabling the company to complete the project when market conditions improve. Methanex says it will spend $100 million in Q1 2020 and a further $200 million from April 1, 2020 to September 30, 2021 on the project, the majority of which is spending that occurred or was committed during Q1 2020. This is approximately $500 million lower than the $800 million that was expected to be spent over that same period. Construction activity and procurement of non-critical equipment and bulk materials will be suspended until market conditions allow the Geismar 3 project to restart.

Olefins production from methanol, particularly in China, has come to dominate the methanol market over the past few years. However, environmental and market concerns complicate the outlook there.